Blend Labs Inc reports results for the quarter ended in June - Earnings Summary

Blend Labs

09/08/2023 22:02

* Blend Labs Inc  BLND.N  reported a quarterly adjusted loss
of 9
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 13 cents per share.
    * Revenue fell 34.7% to $42.82 million from a year ago;
analysts
expected $40.11 million. 
    * Blend Labs Inc's reported EPS for the quarter was a loss
of 18
cents​.
    * The mean earnings estimate of analysts had risen by
about 5.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Blend Labs Inc shares had risen by 33.0% this quarter and
lost 12.5% so far this year.
    * The company reported a quarterly loss of $42.82 million.
    * Wall Street's median 12-month price target for Blend Labs
Inc is
$1.15 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.13          -0.09          Beat
 Mar. 31 2023      -0.18          -0.15          Beat
 Dec. 31 2022      -0.16          -0.21          Missed
 Sep. 30 2022      -0.17          -0.19          Missed